FNK
First Trust Mid Cap Value AlphaDEX Fund
SMB
HML
RMW
UMD
Adj. R2
0.957
Rel. Sharpe
0.682
Mkt beta
1.03
AUM
US$211M
MER
0.74%
Valuation
94
ETF comparison
Verified factor-similar pair
FNK vs FYT
These two ETFs pass the same FF6 US similarity lane: US-listed equity ETFs, same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
SMB
HML
RMW
UMD
Similarity score
88
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
FYT
First Trust Small Cap Value AlphaDEX Fund
SMB
HML
RMW
UMD
Adj. R2
0.960
Rel. Sharpe
0.842
Mkt beta
1.02
AUM
US$160M
MER
0.70%
Valuation
71
Factor Exposure Match
Blue bars compare raw factor beta magnitude. Green bars compare absolute t-stat strength. Dim bars indicate the t-stat is below 1.96.
SMB
diff -0.37
HML
diff +0.04
RMW
diff -0.07
CMA
diff -0.02
UMD
diff -0.00
Why This Pair Matches
Exposure level
85
Exposure shape
99
Mkt beta diff
0.01
Rel. Sharpe diff
0.161
This comparison focuses on measured factor exposure, not a qualitative review of each fund's portfolio-construction process. Backtested relative Sharpe is included as a secondary signal, while we continue refining a comparison metric that separates factor payoff from alpha. See methodology.
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